Akme Fintrade India Limited IPO
Akme Fintrade India Limited IPO is listed on BSE and NSE, priced at ₹114–₹120 per share. The stock debuted at ₹127, delivering a listing gain of 5.8%. The IPO had a lot size of ₹125 shares and a minimum investment of ₹15,000.
Akme Fintrade India Limited IPO
- IPO Dates
- Jun 19, 2024 – Jun 21, 2024
- Price band
- ₹114-120 per equity share
- Minimum Investment
- ₹15,000
- Issue size
- ₹132 Cr
- Lot size
- 125
- Allotment Date
- Jun 24, 2024
- Listing
- Jun 26, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Jun 19, 2024
Open Date
Completed
-
Jun 21, 2024
Close Date
Completed
-
Jun 24, 2024
Allotment Date
Completed
-
Jun 26, 2024
Listing Date
Completed
Price Summary
- Last closing
- 9.09 (-92.42%)
- 52 week high
- 10.10
- 52 week low
- 3.92
- Last update
Akme Fintrade India Limited IPO Essentials
Akme Fintrade India Limited IPO Details
Akme Fintrade India Limited IPO is priced at ₹114-120 per share with a total issue size of 132 crore. The IPO has a lot size of 125 shares and is listed on BSE and NSE.
- Issue price
- ₹114-120 per equity share
- Lot size
- 125 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 11,000,000 shares(aggregating up to ₹132.00 Cr)
- Total issue size
- 1,10,00,000 shares
(aggregating up to ₹132 crore) - Fresh issue
- 1,10,00,000 shares
(aggregating up to ₹132 crore) - Listing at
- BSE, NSE
- List price
- 127.0(NSE)
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Gretex Corporate Services Limited
Market Lot Size
Investors can bid for a minimum of 125 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 125 | ₹15,000 |
| Retail(max) | 13 | 1625 | ₹1,95,000 |
| sHNI(min) | 14 | 1750 | ₹2,10,000 |
| sHNI(max) | 66 | 8250 | ₹9,90,000 |
| sHNI(min) | 67 | 8375 | ₹10,05,000 |
Akme Fintrade India Limited IPO Reservation
Akme Fintrade India Limited IPO reservation details show category-wise allocation of shares. Out of the total 11,000,000 shares, approximately 19% are reserved for QIB, 14.25% for NII, 33.25% for retail investors, 5% for employees, and 28.5% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 3,135,000 (28.5%) | |
| QIB Shares Offered | 2,090,000 (19%) | |
| NII (HNI) Shares Offered | 1,567,500 (14.25%) | |
| bHNI > ₹10L | 1,045,000 (9.5%) | 597 |
| sHNI < ₹10L | 522,500 (4.75%) | 298 |
| Retail Shares Offered | 3,657,500 (33.25%) | 29,260 |
| Employee Shares Offered | 550,000 (5%) | |
| Total Shares Offered | 11,000,000 (100%) |
Akme Fintrade India Limited IPO Analytics
Akme Fintrade India Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Akme Fintrade India Limited IPO Subscription Status
Akme Fintrade India Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 2,090,000 |
1,567,500
1,045,000
522,500
|
3,657,500 | 7,865,000 |
|
Day 1
19-06-24 05:00 PM
|
0.02 x |
5.15x
4.33x
6.80x
|
4.18 x | 3.01 x |
|
Day 2
20-06-24 05:00 PM
|
0.17 x |
22.22x
18.04x
30.58x
|
15.16 x | 11.63 x |
|
Day 3
21-06-24 05:00 PM
|
28.12 x |
129.17x
121.56x
144.40x
|
42.98 x | 54.57 x |
Akme Fintrade India Limited Valuations
Earnings
- EPS Pre IPO
- ₹3.87/-
Returns
- ROE
- 5.64%
- RoNW
- 5.81%
- PAT Margin
- 22.93
Fundamentals
- Debt / Equity
- 2.49
Akme Fintrade India Limited Financials( In Crs.)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 390.50 | 374.01 | 455.40 |
| Revenue | 69.57 | 67.50 | 86.79 |
| Profit After Tax | 15.80 | 4.12 | 16.31 |
| Net Worth | 204.78 | 136.84 | 130.26 |
| Reserves & Surplus | 173.11 | 115.03 | 108.45 |
| Total Borrowing | 177.76 | 230.06 | 317.82 |
Akme Fintrade India Limited Company & Offer Insights
About Akme Fintrade India Limited
Akme Fintrade India Ltd is a non-banking financial company (NBFC) with over 20 years of experience in lending to rural and semi-urban areas in India.
The company mainly provides lending solutions tailored to the needs and aspirations of rural and semi-urban populations. Its portfolio comprises Vehicle Finance and Business Finance Products for small business owners.
The company operates in rural and semi-urban areas across four Indian states - Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat. It has a registered office in Udaipur, Rajasthan, and a Corporate Office in Mumbai, Maharashtra. With 12 branches and over 25 points of presence, including digital and physical branches, it has served over 200,000 customers.
The company finances the purchase of new two-wheelers and three-wheelers, such as scooters, motorcycles, and auto rickshaws, for salaried professionals and self-employed non-professionals.
The company has 125 permanent employees as of December 31, 2023, and prioritizes their overall welfare.
Akme Fintrade India Limited Promoter(s)
Nirmal Kumar Jain, Manju Devi Jain, Dipesh Jain, Nirmal Kumar Jain HUF are the company's promoters of Akme Fintrade India Limited.
Akme Fintrade India Limited IPO Issue Objectives
- •
- The company proposes to utilize the Net Proceeds from the Issue towards augmenting the capital base of the company to fulfil its future capital requirements, which are anticipated to arise as a result of the expansion of the business and assets. Further, a portion of the proceeds from the Issue will be used towards meeting Issue-related expenses.
Akme Fintrade India Limited IPO - Anchor Investors
Akme Fintrade collects Rs 38 crore from anchor investors.
The anchor investors who have been allocated shares are 3 Sigma Global Fund, Zeal Global Opportunities Fund, SB Opportunities Fund 1 and Vikasa India EIF Fund 1
Akme Fintrade India Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Akme Fintrade India Ltd | 5.85 | 5.85 | 64.65 | N/A | 7.72 | N/A | N/A |
| Mas Financial Services Ltd | 37.18 | 37.18 | 277.83 | 26.47 | 13.55 | 3.54 | Consolidated |
| Shriram Finance Limited | 160.54 | 159.83 | 1162.12 | 14.73 | 13.82 | 2.03 | Consolidated |
| Cholamandalam Investment And Finance Company Ltd | 32.44 | 32.38 | 174.52 | 33.52 | 18.58 | 6.22 | Consolidated |
| Arman Financial Service Limited | 110.47 | 107.28 | 430.61 | 20.99 | 25.65 | 5.23 | Consolidated |
| CSL Finance Limited | 22.02 | 21.4 | 174.85 | 22.7 | 12.59 | 2.78 | Consolidated |
Notes:
- Basic EPS refers to the Basic EPS sourced from the financial results of the respective company for the year ended March 31, 2023.
- The P/E Ratio has been computed based on the closing market price of equity shares on BSE on February 21, 2024, divided by the Diluted EPS.
- Return on Net Worth (RoNW) is computed as net profit after tax (including profit attributable to non-controlling interest) divided by closing net worth. Net worth is computed as the sum of paid-up share capital and other equity.
- The P/B Ratio is computed as the closing market price of equity shares on BSE as of February 21, 2024, divided by NAV as of March 31, 2023.
- Net Asset Value (NAV) per Equity Share is computed as the Total Equity divided by the equity shares outstanding as of March 31, 2023.
- The listed peers are identified based on a similar line of business with Akme Fintrade India Ltd; however, they are not comparable in size to the company.
Akme Fintrade India Limited IPO - Strengths and Risks
Akme Fintrade India Limited IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Akme Fintrade India Limited
+91- 294-2489501
AKME Business Centre (ABC),4-5 Subcity Centre, Savina Circle opp, Krishi Upaz Mandi Udaipur,- 313002
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
Akme Fintrade India Limited IPO is a book-built IPO worth ₹132 crore. The price band is ₹114–₹120 per share. The IPO opens on Jun 19, 2024 and closes on Jun 21, 2024. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The price band of Akme Fintrade India Limited IPO is ₹114 to ₹120 per share.
The lot size of Akme Fintrade India Limited IPO is 125 shares.
The minimum investment for Akme Fintrade India Limited IPO is approximately ₹15,000 based on the upper price band .
Akme Fintrade India Limited IPO opens on Jun 19, 2024 and closes on Jun 21, 2024.
The allotment date of Akme Fintrade India Limited IPO is Jun 24, 2024.
Akme Fintrade India Limited IPO is expected to be listed on Jun 26, 2024, on BSE and NSE .
Akme Fintrade India Limited IPO listed on Jun 26, 2024. It was issued at ₹127.0(NSE) and is currently around ₹9.09 as on 14-May-2026 3:30 PM, which is approximately -92.4% versus issue price. The 52-week high is ₹10.10.
Based on listing and post-listing performance, Akme Fintrade India Limited IPO delivered around -92.4% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Akme Fintrade India Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Akme Fintrade India Limited IPO valuation snapshot: P/E N/A, EPS ₹/-, P/B N/A, RoNW 5.81%, and market cap N/A.
To apply for Akme Fintrade India Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Akme Fintrade India Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Akme Fintrade India Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Akme Fintrade India Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Akme Fintrade India Limited IPO allotment status on IPO Ji for quick and easy access.